Rural Opportunities Fund to help create jobs in smaller communities
February 13, 2020 – Brandon, Manitoba – Western Economic Diversification Canada
Community Futures organizations play an instrumental role creating jobs in many small towns, taking a grassroots approach to economic development. Community Futures Pan West Network Inc., a joint initiative of the four western provincial Community Futures associations, supports 90 local organizations in British Columbia, Alberta, Saskatchewan, and Manitoba to help bolster business development services in rural areas.
We’ve got your back by helping communities grow and prosper
Today, Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada) was in Brandon to announce that the Government of Canada will help Community Futures Pan West Network Inc. establish a Rural Opportunities Fund, supported by $4.8 million in federal funding.
This Rural Opportunities Fund will further support community economic development projects and business retention initiatives, including those for Indigenous Peoples, women, and youth in rural and remote communities. Through the Rural Opportunities Fund, Community Futures Pan West Network Inc. will support community resiliency projects and business retention initiatives, such as encouraging population growth or helping succession planning for small business owners. The Rural Opportunities Fund will be available to Community Futures organizations across Western Canada.
Over three years, it is expected that the Rural Opportunities Fund will assist 90 entrepreneurs, support 75 western Canadian small- and medium-sized businesses transition ownership, and engage 25 partners in 20 community-based projects.